Ireland to Cut Tax on Petrol Amid Surging Prices
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Ireland moved to cut gasoline tax as consumers grapple with soaring prices spurred by Russia’s invasion of Ukraine.
The government will cut excise duty on unleaded petrol by 20 euro cents per liter and by 15 cents on diesel, Finance Minister Paschal Donohoe told reporters in Dublin. Tax on so-called green diesel used in industry and for home heating, will be cut by 2c. The cuts will remain in place until the end of August and cost about 320 million euros ($351 million).